secwatch.observer — SEC 8-K summary
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Issuer:     FIRST US BANCSHARES, INC. (FUSB)
CIK:        0000717806
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000950170-24-117068
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First US Bancshares Q3 net income $2.2M ($0.36 EPS), up from $0.33 YoY; NIM declines to 3.60%
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- Net income $2.2M, diluted EPS $0.36 vs $0.33 in Q3 2023; nine-month EPS $1.04 vs $0.97.
- Net interest margin 3.60% vs 3.79% a year ago; net interest income flat QoQ at $9.2M.
- Total loans down $15.8M (1.9%) in Q3 2024; core deposits up $26.7M (2.8%).
- Nonperforming assets $6.6M (0.60% of assets) vs $3.0M (0.28% at Dec 2023) due to two loans.
- Dividend maintained at $0.05/share; 29,500 shares repurchased in Q3 at weighted avg $10.83.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717806/000095017024117068/0000950170-24-117068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717806/000095017024117068/fusb-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117068

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